TSX:RPR.DB - Post by User
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Ladislav3on Jul 06, 2023 12:49pm
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Post# 35529447
Death of Canadian Office is misinformed
Death of Canadian Office is misinformedWe're told hybrid work has killed office space but, if anything, I am only seeing and hearing about more and more people returning to the office and for a large amount of days.
In the worst case scenario we are still grappling with a severe housing shortage and office space could theoretically be converted if office space becomes unmarketable. Armoyan Jr. is doing exactly this in Montreal at 1245 Sherbrooke St. W.
https://montrealgazette.com/business/local-business/real-estate/investors-plan-to-convert-montreal-office-tower-into-residential-units
SOT.UN's assets aren't easily convertible for the most part but if other properties are converted hopefully we will see a decrease in supply and a better supply/demand ratio for office space.